CICC Stock Forum

$CICC (03908.HK)$ sad.. Losing money. Are you going up?

Minieye Technology, a China-based smart driving and smart cabin solutions provider, has applied for a Hong Kong IPO to raise about US$150 million. The listing is sponsored by CITIC Securities and CICC. Minieye offers L0 to L2++ intelligent driving solutions and is developing L4 autonomous driving technology. Pre-listing investors include $CICC (03908.HK)$ , $NavInfo Co., Ltd. (002405.SZ)$ , and BABA CEO Eddie Wu. 
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$

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$CICC (03908.HK)$

CICC predicts that China's nominal GDP growth rate in 2024 is likely to be around 6.3%, significantly higher than the approximately 4.7% projected for 2023. And the actual GDP growth rate is expected to be around 5.0%.
CICC believes that fiscal policy will continue to be strengthened in 2024, and compared to the support for infrastructure through the issuance of 1 trillion yuan in government bonds, there may be a shift towards prioritizing people's welfare in the fiscal budget next year.
$KraneShares CSI China Internet ETF (KWEB.US)$ $Hang Seng H-Share Index ETF (02828.HK)$ $Hang Seng Index (800000.HK)$ $NASDAQ Golden Dragon China (.HXC.US)$ $BIDU-SW (09888.HK)$ $MEITUAN-W (03690.HK)$ $Meituan ADR (MPNGY.US)$ $JD-SW (09618.HK)$ $BABA-W (09988.HK)$

The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.
DBS: China Brokers - Alpha Edge Investing
$GF securities (000776.SZ)$ $GF SEC (01776.HK)$ $GTJA (02611.HK)$ $CICC (03908.HK)$ $CITIC (600030.SH)$ $Haitong (600837.SH)$ $Guotai Junan (601211.SH)$ $Huatai (601688.SH)$ $CITIC SEC (06030.HK)$ $HAITONG SEC (06837.HK)$ $HTSC (06886.HK)$ $Futu Holdings Ltd (FUTU.US)$ $UP Fintech (TIGR.US)$

China is set to approve slightly more than 1 trillion yuan in additional sovereign debt issuance on Tuesday as Beijing steps up its efforts to spur infrastructure spending and encourage economic growth.
$KraneShares CSI China Internet ETF (KWEB.US)$ $iShares China Large-Cap ETF (FXI.US)$ $Hang Seng H-Share Index ETF (02828.HK)$ $CNY/USD (CNYUSD.FX)$ $CNH/USD (CNHUSD.FX)$ $BIDU-SW (09888.HK)$ $JD-SW (09618.HK)$ $PDD Holdings (PDD.US)$ $Hong Kong Banks (LIST1252.HK)$ $HSBC HOLDINGS (00005.HK)$ $CICC (03908.HK)$

CICC released a report, estimating that $JD-SW (09618.HK)$ 3Q revenue will grow 1.4% YoY, vs. previous forecast of 4.5%. Among which, retail GMV was expected to hike 2.6%, vs. previous forecast of 5.5%, and retail revenue to be flat YoY, vs. previous 3.6% growth, lower than the market's expectations. The broker maintained its margin forecast for 3Q on the company.
CICC upheld Outperform rating on $JD.com (JD.US)$ It also adjusted SOTP va...

CICC issued a research report saying that revenue of $BABA-W (09988.HK)$ in 2FQ24 is expected to rise 9% YoY to RMB225.4 billion, slightly lower than the market expectation, mainly due to the performance of Alibaba e-commerce affected by the moderate recovery of the industry.
CICC also estimated that adjusted EBITA will increase by 16% YoY to RMB41.9 billion, mainly due to effective expense cont...